49 unchanged sentences
Fee through in-kind transfers of platinum to the Sponsor.
−Removed: At March 31, 2022 the Trust did not have any cash balances.
+Added: At September 30, 2023 the Trust did not have any cash balances.
Sheet Arrangements
10 unchanged sentences
of Operations
−Removed: Quarter Ended March 31, 2023
−Removed: Trust’s net asset value decreased from $48,318,362 on December 31, 2022 to $44,930,201 on March 31, 2023, a 7.0% decrease.
−Removed: Trust’s net asset value decreased due to the negative change in the price of platinum, which moved from $1,065.00 on December 31,
−Removed: 2022 to $981.00 on March 31, 2023, or 7.9%.
−Removed: The change in platinum price was slightly reduced by a positive change in the number of shares
−Removed: outstanding from 4,650,000 to 4,700,000, or 1.1%.
−Removed: The 50,000 shares increase was the result of 4 creation orders and 3 redemption orders
−Removed: (50,000 shares per creation and redemption order).
−Removed: 8.0% decrease in the Trust’s net asset value per share, from $10.39 on December 31, 2022 to $9.56 on March 31, 2023 is directly
−Removed: related to the 7.9% decrease in the price of platinum.
−Removed: Trust’s net asset value per share decreased slightly more than the price of platinum on a percentage basis due to the Sponsor’s
−Removed: fees, which were $56,536 for the quarter, or 0.12% of the Trust’s average weighted net assets of $45,875,634 during the quarter.
−Removed: The net asset value per share of $10.73 on January 12, 2023 was the highest during the quarter, compared with a low during the quarter
−Removed: of $8.89 on February 17, 2022.
−Removed: net decrease in net assets resulting from operations for the quarter ended March 31, 2023 was $3,956,823, resulting from an unrealized
−Removed: loss on investment in platinum bullion of $3,791,176, increased by a loss of $109,111 on metal sold to cover the redemption orders and
−Removed: the Sponsor’s fees and increased by the Sponsor’s fees of $56,536.
−Removed: Other than the Sponsor’s fees the Trust had no expenses
−Removed: during the quarter.
−Removed: Months Ended March 31, 2023
−Removed: Trust’s net asset value remained stable from $44,801,455 on June 30, 2022 to $44,930,201 on March 31, 2023, a 0.3% increase.
−Removed: Trust’s number of shares outstanding decreased from 5,050,000 to 4,700,000 over this period, or 6.9%.
−Removed: The 350,000 shares decrease
−Removed: was the net result of 6 creations orders and 13 redemption orders (50,000 shares per creation and redemption order).
−Removed: The negative impact
−Removed: in number of shares outstanding was reduced by the price of platinum, which increased 8.2% from $907.00 on June 30, 2022 to $981.00 on
−Removed: March 31, 2023.
−Removed: 7.8% increase in the Trust’s net asset value per share, from $8.87 on June 30, 2022, to $9.56 on March 31, 2023 is directly related
−Removed: to the 8.2% increase in the price of platinum.
+Added: Quarter Ended September 30, 2023
+Added: the quarter the Trust’s net asset value increased by 4.05% from $34,919,057 on June 30, 2023, to $36,334,386 on September 30, 2023.
+Added: The increase in the Trust’s net asset value was partly due to an increase in the number of shares outstanding from 4,000,000 to
+Added: 4,050,000 over this period.
+Added: The net 50,000 shares increase was a result of 9 creation orders and 8 redemption orders (50,000 shares per
+Added: creation and redemption).
+Added: The Trust’s net asset value was also positively impacted by the change in the price of platinum, which
+Added: increase 2.90% from $897.00 on June 30, 2023 to $923.00 on September 30, 2023.
+Added: 2.75% increase in the Trust’s net asset value per share from $8.73 at June 30, 2023 to $8.97 at September 30, 2023 is directly
+Added: related to the 2.90% increase in the price of platinum.
Trust’s net asset value per share increased slightly less than the price of platinum on a percentage basis due to the Sponsor’s
−Removed: fees, which were $164,981 for the period, or 0.375% of the Trust’s average weighted net assets of $43,960,196 during the period.
−Removed: The net asset value per share of $10.73 on January 12, 2022 was the highest during the period, compared with a low during the period
−Removed: of $8.12 on July 15, 2022.
−Removed: increase in net assets resulting from operations for the 9 months period ending March 31, 2023 was $2,926,019, resulting from an unrealized
−Removed: gain on investment in platinum bullion of $3,958,542, decreased by a loss of $867,542 on metal sold to cover the redemption orders and
−Removed: the Sponsor’s fees, and increased by the Sponsor’s fees of $164,981 Other than the Sponsor’s fees the Trust had no
−Removed: expenses during the quarter.
+Added: fees, which were $46,869 for the period, or 0.13% of the Trust’s average weighted assets of $37,288,366 during the period.
+Added: net asset value per share of $9.58 on July 19, 2023 was the highest during the period, compared with a low during the period of $8.63
+Added: on August 16, 2023.
+Added: increase in net assets resulting from operations for the quarter ended September 30, 2023 was $1,266,002, resulting primarily from an
+Added: unrealized gain on investment in platinum bullion of $1,486,930, reduced by a loss of $174,059 on metal sold to cover redemption orders
+Added: and Sponsor’s fees and by the Sponsor’s fees of $46,869.
+Added: Other than the Sponsor’s fees the Trust had no expenses during
Quantitative and Qualitative Disclosures About Market Risk
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.